Google (GOOGL) (GOOG) is rebuilding Android from the ground up around Gemini Intelligence.

The tech giant aims to transform what used to be a smartphone operating system into what Sameer Samat, who oversees Google's Android ecosystem, is now calling an "intelligence system."

Just weeks before Apple is expected to unveil its revamped Apple Intelligence at WWDC, Google previewed AI-powered app automation, a smarter Chrome on Android, a redesigned Android Auto experience, and sweeping new security features.

Gemini can now move across apps, understand what's on the screen, pull data from Gmail, build shopping carts, and even book dinner reservations — all while keeping the human in the loop before completing a transaction.

This is a significant strategic move.

$GOOGL ( ▼ 1.07% ) has a Ziggma score of 82, even as it ranks lower than peers in growth and valuation.

Google is playing offense on every front simultaneously — device, car, browser, and cloud — and it's doing so at a moment when Apple's AI story still feels half-baked.

The Gemini deal with Apple is clever too: Google gets embedded in the iPhone even as it competes against it.

That's a difficult position for any rival to navigate. Alphabet looks increasingly like the backbone of the AI era, not just a participant in it.

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Tuesday was a risk-off session on Wall Street, as a hotter-than-expected April inflation print collided with surging oil prices, sending technology stocks sharply lower.

Chip stocks bore the brunt of the selloff. Qualcomm plummeted over 11%, Micron fell 3.6% after its recent parabolic run, and AMD declined 2%.

Meanwhile, Apple shares edged 0.6% higher, putting the stock on pace for a fresh record close.

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Apple surged to a new intraday all-time high even as broader tech sold off, a sign of the stock's resilience amid market turbulence.

The move comes as investors look ahead to WWDC, where Apple is expected to unveil a more capable version of Apple Intelligence, powered in part by Google's Gemini.

The company faces a delicate balancing act: it has long positioned privacy and hardware integration as core advantages, but its AI rollout has been a relative laggard compared to peers.

GameStop shares fell more than 3% after eBay's board flatly rejected the company's $56 billion takeover bid, calling it "neither credible nor attractive."

eBay chairman Paul Pressler cited concerns about financing uncertainty, operational risks of a combined entity, and GameStop's governance structure.

The move underscores the challenge CEO Ryan Cohen faces in repositioning GameStop as a serious acquirer — a tough sell given the company's core retail business continues to shrink.

Hims & Hers dropped more than 14% after the telehealth company issued underwhelming guidance.

The company projected adjusted EBITDA for the current quarter of just $35 million to $55 million, disappointing investors who had expected stronger profitability momentum.

The miss raises questions about the durability of the company's growth trajectory as competition in the telehealth and compounded drug space intensifies.

🤖 NVIDIA: Citi reiterates buy rating and $300 price target ahead of May 20 earnings, estimating sales near $80B, above consensus.

📉 Qualcomm: Chip stock plunged over 11%, its worst session since 2020, as hotter CPI data and Iran war fears triggered a broad semiconductor selloff.

💰 U.S. Budget Surplus: April surplus came in at $215B, down 17% year-over-year, even as tariff receipts surged 46% to nearly $24B.

🏠 Lowe's: Citi upgraded the home improvement retailer to buy, maintaining a $285 price target ahead of its May 20 Q1 earnings report.

🧬 Under Armour: Shares slid 14% after reporting a 3-cent loss on revenue of $1.17B, significantly missing the $1.68B revenue estimate.

🏦 Greenlight Capital: David Einhorn warned at the Sohn Conference that the market remains "very, very pricey" on a historical basis and expects a better buying opportunity ahead.

🇬🇧 European Markets — UK gilt yields surged nearly 12 bps to 5.126% as a political crisis engulfed PM Keir Starmer's government, sending British bank stocks down 4%+.

Zebra Technologies surged over 11% after delivering a convincing Q1 2026 earnings beat.

The company reported net sales of $1.495 billion, a 14.3% year-over-year increase, and adjusted EPS of $4.75, well ahead of the FactSet consensus of $4.25.

Management raised full-year guidance, projecting 10–14% sales growth. Q2 guidance also exceeded estimates, reinforcing strong demand for industrial automation.

Micron reversed course Tuesday, falling 3.6% after a parabolic run that saw the stock gain 37% last week and 53% in April alone.

The pullback was largely driven by the broader chip sector sell-off following the hot CPI print and Iran-war-driven risk-off sentiment.

The near-term retreat looks like a cooling-off after an exceptional rally rather than a change in the underlying demand story.

Wendy's shares popped more than 16% on Tuesday after the Financial Times reported that Nelson Peltz's Trian Fund Management is exploring a bid to take the fast-food chain private.

The stock has shed 45% over the past year, making it a potentially attractive target for a value-oriented activist investor.

💰 Cisco Systems reports Q3 2026 earnings after market close on Wednesday, watch for enterprise spending signals.

🛒 Alibaba reports Q4 2026 earnings before market open: key read on Chinese consumer trends and e-commerce health.

📊 PPI (April 2026) releases Wednesday at 8:30 AM ET — after Tuesday's CPI surprise, wholesale inflation data will be closely scrutinized by the Fed.

🏛️ Kevin Warsh Fed Chair confirmation vote expected Wednesday — outcome will shape the direction of U.S. monetary policy for years ahead.

💵 30-Year Treasury Bond Auction at 1:00 PM EDT Wednesday — long bond demand will test whether fiscal deficit concerns are easing or deepening.

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